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  • Informa snubs lower offer

    Thursday 04 Sep 2008

    Informa revealed late Thursday it has rejected a reduced 450p a share offer from a private equity consortium that “significantly undervalues” the publishing group.

  • Rio approves $293m Canada spend

    Thursday 04 Sep 2008

    Aussie mining giant and BHP bid target Rio Tinto has approved a US$293m spend on expanding its Canadian iron ore operations and on further studies.

  • Friday preview: JD Wetherspoon, HMV

    Thursday 04 Sep 2008

    JD Wetherspoon rounds off a busy week for pub operators, following in the footsteps of Punch Taverns and Greene King, both of whom confirmed hard times for the pub trade.

  • Ninety in £20m China deal

    Thursday 04 Sep 2008

    Cash shell Ninety has agreed to buy Chinese food preservatives group Honour Field for up to £20.12m in shares and change its name to Sorbic International.

  • Supporta rises on approach

    Thursday 04 Sep 2008

    Outsource services provider Supporta said it noted the movement in its share prices and admitted that it had received an approach that could lead to an offer.

  • Norwich Union slashes policy payouts by 10%

    Thursday 04 Sep 2008

    Final bonus rates on more than 2.4 million of Norwich Union’s with-profits policies have been cut due to poor investment conditions since the beginning of the year.

  • Small cap round-up: Vero, Sabien, Concurrent...

    Thursday 04 Sep 2008

    Vero Software, which specialises in CAD/CAM software for the mould and die industry, lifted revenues by 13% to £6.6m and underlying profits by 23% to £340,000 in the half year to June.

  • Interims give DataCash confidence

    Thursday 04 Sep 2008

    Payments service provider DataCash remains upbeat about hitting targets for the year after reporting a 24% hike in both pre-tax profit and revenue during teh first half.

  • Metrodome back in the black

    Thursday 04 Sep 2008

    Media rights and film distributor Metrodome returned to profit in the first half of 2008 for the first time in several years thanks to investment in high quality theatrical releases.

  • Downturn hits Norish

    Thursday 04 Sep 2008

    Food storage company Norish reported lower pre-tax profits as a downturn in trade resulted in sharply lower turnover and said it expects the second half to be worse than last year.

  • Ryanair boosts traffic by 19%

    Thursday 04 Sep 2008

    Budget airline Ryanair flew 5.78m passengers in August, 19% more than at the same time last year despite a Europe-wide economic slowdown.

  • Asterand in focus after eye deal

    Thursday 04 Sep 2008

    Asterand shares doubled on the back of its recent licensing deal with US eye care giant Allergan, but that should not overshadow the good prospects for its core human tissue supply business.

  • Southern Cross reduces debt further; CEO to leave

    Thursday 04 Sep 2008

    UK care home services provider Southern Cross Healthcare has completed sale and leaseback deals on a further seven care homes, as it seeks to stave off the possible breach of loan covenants.

  • BP confirms TNK-BP peace settlement

    Thursday 04 Sep 2008

    Oil giant BP has confirmed it has signed a memorandum of understanding to restructure TNK-BP, Russia’s third largest oil company.

  • Smiths sells unused Basingstoke site

    Thursday 04 Sep 2008

    Global technology company Smiths Group had pocketed a tidy gain on the sale of a former operational site in Basingstoke.

  • Good progress for 'cautious' First Property

    Thursday 04 Sep 2008

    First Property has continued to make “good progress” during the first half, but the property services firm remains cautious and has not bought any new properties.

  • Helicopter tragedy at Petrofac rig

    Thursday 04 Sep 2008

    Oil and gas facilities service provider Petrofac said a helicopter crash caused a fire at a drilling rig in the Rashid field off the coast of Dubai.

  • Chieftain H1 better than expected

    Thursday 04 Sep 2008

    Shares in industrial support services group Chieftain shot ahead after it revealed better than expected first half results.

  • EIIB turns into profits

    Thursday 04 Sep 2008

    European Islamic Investment Bank said despite challenging market conditions it has continued to progress in the first half of 2008 as it swung back into profit for the period.

  • Unilever names Polman chief executive

    Thursday 04 Sep 2008

    Anglo Dutch consumer group Unilever has named Nestle's Paul Polman as chief executive Patrick Cescau's replacement.

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